Largest Mining Company Vale Inco Changes Name to Vale

Vale Inco announced the natural next step in the company's evolution today by changing its name to Vale -- a milestone that aligns it more fully with other Vale operations worldwide and reflects its position as part of the world's second largest mining company.

A world leader in nickel, the former Inco Limited was acquired by the former CVRD in late 2006. It has operated around the world as Vale Inco since 2007 when CVRD rebranded itself as Vale.

"Our global nickel business will continue to be headquartered in Toronto, Canada," said Tito Martins, President and CEO of Vale's nickel operations. "We have a very strong team in place and are building a long-term future for our operations around the world in Canada, Indonesia, New Caledonia, the United Kingdom, China, Japan and Brazil. Our nickel business today is larger than it was in 2006, when we first invested in Inco and we are building on that investment every day.

"We are positioning our company to meet the challenges of an increasingly competitive global marketplace," he continued. "Our objective is to ensure a sustainable, successful future for the business and the people and communities who rely on it."

Vale的Nickel Business在2009年拥有超过11,000名员工,净销售额为32.6亿美元,占Vale总体总收入的13.6%。多伦多的管理团队负责监督一家全球业务,致力于进行大量生产升级,资本投资和新项目,这些项目具有在加拿大和国际上进一步增长的潜力。

When Vale acquired Inco in 2006, it was the largest-ever acquisition by a Latin American company. "It was a defining moment in our history," remarked Roger Agnelli, President and CEO, Vale. "We stepped boldly onto the global stage and since that time our growth has continued, with our nickel operations playing a vital role in achieving our international ambitions.

"We have overcome many challenges and today stand poised to complete significant investments in new nickel operations at Goro in New Caledonia and Onca Puma in Brazil, said Mr. Agnelli. "In Canada, we are opening the first new mine in our Ontario Operations in close to 40 years, at Totten, and are constructing a new state-of-the-art hydromet processing facility at Long Harbour in Newfoundland. All of this is building towards positioning Vale as the leading, safest and most profitable nickel company in the world -- which is our ultimate objective."

马丁斯先生继续说:“虽然我们的名字在变化,但我们仍然是我们员工和社区已经知道的非常可识别的公司。”“我们为我们的Inco遗产及其富裕的107年历史感到自豪 - 成就的记录和使他们成为可能的员工首先是吸引Vale的很大一部分。这种经验和对卓越的承诺将继续推动我们前进。今天的宣布是基于我们过去的成就,以帮助创造令人兴奋和繁荣的未来。”

该公司的新名称的推出将在未来几周和几个月内在其加拿大和全球业务中进行。

来源:http://www.vale.com/

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